Working capital management

Stride Bank Funded on a $15 Million Credit Facility to Help Pipeline Inspection Company Manage Cash Flow, Sourced Through Jack Henry's Accounts Receivable Financing Program

Retrieved on: 
Thursday, April 29, 2021
Financial market, Corporate finance, Accounts receivable, Working capital management, Banking, Factoring

Today, Jack Henry Lending announced that $1.1 billion-asset Stride Bank has successfully leveraged its accounts receivable (A/R) financing program, BusinessManager , to help a major third-party pipeline inspection company fund its re-growth and expansion into new markets.

Key Points: 
  • Today, Jack Henry Lending announced that $1.1 billion-asset Stride Bank has successfully leveraged its accounts receivable (A/R) financing program, BusinessManager , to help a major third-party pipeline inspection company fund its re-growth and expansion into new markets.
  • The business chose to receive financing through Stride Bank\'s BusinessManager program because of its predictable cash flow, funding speed, and ease of use.
  • This pipeline inspection business needed funding to revamp operations and support their growth.
  • "\nDuffy continued, "Jack Henry has been a strong partner in helping Stride Bank support our local community!

Axele Announces Partnership with Apex Capital

Retrieved on: 
Wednesday, April 28, 2021
Business, Economy, Accounting, Accounts receivable, Working capital management, Corporate finance, Factoring, Fundamental analysis, Invoice, Billing, Apex, North Carolina

b"DALLAS, April 28, 2021 (GLOBE NEWSWIRE) -- Axele, LLC, a Transportation Management System (TMS) company, announces a strategic partnership with Apex Capital, where the Axele TMS will be integrated with Apex Capital\xe2\x80\x99s freight factoring solution.

Key Points: 
  • b"DALLAS, April 28, 2021 (GLOBE NEWSWIRE) -- Axele, LLC, a Transportation Management System (TMS) company, announces a strategic partnership with Apex Capital, where the Axele TMS will be integrated with Apex Capital\xe2\x80\x99s freight factoring solution.
  • \xe2\x80\x9cThis partnership means our customers will be able to grow their businesses faster.\xe2\x80\x9d\nAxele\xe2\x80\x99s new integration with Apex Capital means that carriers using Axele can connect directly to their Apex Capital accounts without ever leaving the TMS.\xc2\xa0This connection allows carriers to sync Axele/Apex customers with one click, shoot invoice details and supporting documents to the Apex billing portal in seconds, create Apex invoices populated with all the relevant information automatically, and display invoice status as you go.\nAxele will display an invoice status, sent date, and time to inform the user that the invoice was created successfully.
  • For more information about Axele, go to axele.com .\nFounded in 1995, Apex Capital is a full-service freight factor that specializes in small to medium-sized trucking companies.
  • To learn more about Apex Capital, visit\xc2\xa0apexcapitalcorp.com.\n"

Fulton County issues nearly 300 solicitations on BidNet Direct's Georgia Purchasing Group

Retrieved on: 
Wednesday, April 28, 2021
Procurement, Systems engineering, Business, Working capital management, Freight transport, Purchasing, Fulton County, Request for proposal

b'ATLANTA, April 28, 2021 /PRNewswire-PRWeb/ -- Fulton County announced today that since joining the Georgia Purchasing Group in April 2020, nearly 300 business opportunities have been distributed to registered vendors.

Key Points: 
  • b'ATLANTA, April 28, 2021 /PRNewswire-PRWeb/ -- Fulton County announced today that since joining the Georgia Purchasing Group in April 2020, nearly 300 business opportunities have been distributed to registered vendors.
  • Fulton County procurement utilizes BidNet Direct to post, distribute and manage RFPs, quotes, addenda and awards online.
  • Fulton County invites all vendors to register for easy access to all open solicitations at https://www.bidnetdirect.com/georgia/fultoncounty .\nThe Georgia Purchasing Group streamlines the creation and issuance of bid requests, supplier response submission and the awarding of bids.
  • BidNet Direct runs regional purchasing groups, including the Georgia Purchasing Group, across all 50 states that are used by over 1,600 local governments.

EzzyBooks Launches Completely Redesigned Product for Small Business Owners and Their Teams called VatPay

Retrieved on: 
Wednesday, April 28, 2021
Business, Accounting, Invoice, Articles, Web applications, Billing, Accounts receivable, Working capital management, Accounting software, Accounts payable, Comparison of time-tracking software

b'ATLANTA, April 28, 2021 /PRNewswire/ -- Cotek Systems Inc, the company behind the best cloud-based invoicing and recurring payment platform has partnered with Chase Bank to create VatPay Payments and is rebranding as VatPay .

Key Points: 
  • b'ATLANTA, April 28, 2021 /PRNewswire/ -- Cotek Systems Inc, the company behind the best cloud-based invoicing and recurring payment platform has partnered with Chase Bank to create VatPay Payments and is rebranding as VatPay .
  • "The new VatPay is integrated with a new payment gateway and designed to be the easiest all-in-one online billing, project management and financial reporting software ever built for small business owners.
  • Now you can auto-charge for recurring invoice payments.\nRedesigned Professional Invoices: Creating a VatPay invoice is now simpler than entering items in MS Excel.
  • We will make sure no invoice is left unpaid.

Coface records a good start to the year with a net income of €56.4m

Retrieved on: 
Tuesday, April 27, 2021
Accounts receivable, Corporate finance, Factoring, Fundamental analysis, Working capital management, FX, Finance, Television, Money

Factoring revenues declined as a result of weak financed volumes.\nIn Western Europe, turnover was up by +5.1% and by +5.5% at constant FX.

Key Points: 
  • Factoring revenues declined as a result of weak financed volumes.\nIn Western Europe, turnover was up by +5.1% and by +5.5% at constant FX.
  • Excluding the impact of government schemes, the net loss ratio would have been 32.4%.\nCoface is continuing its policy of strict cost controls.
  • During the first quarter, costs were down by -1.4% (and rose slightly by 0.7% at constant FX and perimeter).
  • Dial one of the following numbers:\nThe access code for participants is: 76744830#\nThe presentation will be available (in English only) at the following address:\n"

Worldwide Inventory Tags Industry to 2028 - Growing Emphasis on Internet of Things Presents Opportunities

Retrieved on: 
Tuesday, April 27, 2021
Supply chain management, Working capital management, Inventory, Management, Business process management, E-commerce, Retail

The retail e-commerce sales in Canada were valued at US$ 2.2 million in 2019 and US$ 47.9 million in 2020.

Key Points: 
  • The retail e-commerce sales in Canada were valued at US$ 2.2 million in 2019 and US$ 47.9 million in 2020.
  • In this sector, inventory management effectively handle inventory, acting as a pre-requisite for several decision-making processes.
  • The factory and business shutdowns across the US, Canada, and Mexico impact the adoption of the inventory tags.
  • The process also serves the purpose of obtaining an overview and forecast for the inventory tags mera market with respect to all the segments.

Receivables Management Gains More Footing in the Age of Payments Modernization

Retrieved on: 
Monday, April 26, 2021
Working capital management, Corporate finance, Accounting, Receivables, Working capital, Accounts receivable, Finance, Factoring

b'DUBLIN, April 26, 2021 /PRNewswire/ -- The "Businesses Need Receivables Automation to Keep Cash Flow Positive During the Pandemic Recovery" report has been added to ResearchAndMarkets.com\'s offering.\nAutomating the systems and processes that encompass corporate accounts receivable has been climbing the priority list in the pandemic era as financial executives increasingly see how end-to-end digitalization can have a positive effect on the cash cycle.\nIn a new research report, Businesses Need Receivables Automation to Keep Cash Flow Positive During the Pandemic Recovery, the publisher reviews the impact of the pandemic on corporate cash flow and the key pieces of integrated receivables that have been gaining intense focus for modernization projects.

Key Points: 
  • b'DUBLIN, April 26, 2021 /PRNewswire/ -- The "Businesses Need Receivables Automation to Keep Cash Flow Positive During the Pandemic Recovery" report has been added to ResearchAndMarkets.com\'s offering.\nAutomating the systems and processes that encompass corporate accounts receivable has been climbing the priority list in the pandemic era as financial executives increasingly see how end-to-end digitalization can have a positive effect on the cash cycle.\nIn a new research report, Businesses Need Receivables Automation to Keep Cash Flow Positive During the Pandemic Recovery, the publisher reviews the impact of the pandemic on corporate cash flow and the key pieces of integrated receivables that have been gaining intense focus for modernization projects.
  • The growth in digital payments over the past several years has been steady, but since the early months of the pandemic, there has been a pivot towards longer term payments digitization across the spectrum of effort that encompasses the cash cycle and can provide better working capital effectiveness.\n"The early-on impact of lockdowns and travel restrictions placed a heavy emphasis on getting payments out electronically, which then set off light bulbs on the receivables side as financial operations had to adjust and consider the longer term implications of manual process elimination," commented Steve Murphy, Director of the publisher\'s Commercial and Enterprise Payments Advisory Service, and author of the report.
  • "Reviewing payments as an end-to-end continuum provides benefits to buyers and suppliers, by leading to a convergence of the systems and processes that make up financial operations.
  • Forward-thinking banks and their clients are now taking a closer look at supporting receivables modernization as part of overall digitization projects," added Murphy.\nHighlights of the report include:\nA detailed review of the ongoing challenges associated with late payments for companies across the globe.\nAnalysis of the key steps and digital systems available in the spectrum of receivables management.\nReview of key latest trends around receivables technology innovations that banks and their corporate clients should be considering in order to remain competitive in this increasingly digital era.\n'

Tradewind Finance Announces USD 1 Million Credit Facility for Seafood Importer and Wholesaler in the USA

Retrieved on: 
Wednesday, April 21, 2021
Working capital management, Economy, Corporate finance, Fundamental analysis, Business, Finance, Accounts receivable, Factoring, Trade finance, Tradewind, Fish as food, Seafood

b"New York, April 21, 2021 (GLOBE NEWSWIRE) -- Tradewind Finance has provided a USD 1 million domestic factoring facility to a seafood importer and wholesaler based in the United States that sells a variety of fish, including snapper, tuna, swordfish, mahi-mahi, and grouper, to retailers and distributors in the USA.

Key Points: 
  • b"New York, April 21, 2021 (GLOBE NEWSWIRE) -- Tradewind Finance has provided a USD 1 million domestic factoring facility to a seafood importer and wholesaler based in the United States that sells a variety of fish, including snapper, tuna, swordfish, mahi-mahi, and grouper, to retailers and distributors in the USA.
  • The company is a new subsidiary of a large seafood farmer and processor based in Costa Rica and is using the funding to expedite cash flow back to the parent company and support growth in the USA.\nAt the time of the financing deal, the company was experiencing high growth.
  • The seafood establishment had worked with another factoring firm in the past, but they chose Tradewind Finance as their new financial partner because of their more attractive pricing and their portfolio of working with numerous businesses in the seafood sector, a niche in which Tradewind has vast experience and is regarded for their flexible cash flow solutions .\nIn addition, with plans to expand into Europe, the seafood establishment found comfort knowing that Tradewind, being Germany-headquartered with a network of European offices and business affiliates, is able to offer local support and leverage their international capabilities in the new market.\nTradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany.
  • Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world's exporters and importers.\n"

Penn Virginia Provides Operational Update

Retrieved on: 
Monday, April 19, 2021
Fundamental analysis, Accounting, Finance, Accounts receivable, Corporate finance, Factoring, Working capital management, Money, GAAP

However, Penn Virginia will closely monitor commodity prices and the service cost environment with the goal of ensuring the capital program generates robust returns.

Key Points: 
  • However, Penn Virginia will closely monitor commodity prices and the service cost environment with the goal of ensuring the capital program generates robust returns.
  • The guidance provided in this release does not constitute any form of guarantee or assurance that the matters indicated will be achieved.
  • Many of the factors that will determine our future results are beyond the ability of management to control or predict.
  • Definitions of non-GAAP financial measures appear at the end of this release.\nAdjusted cash G&A expenses is a non-GAAP financial measure.

Global Inventory Tags Market Forecast to 2028 - COVID-19 Impact and Analysis - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 22, 2021
Retail, Other Retail, Supply chain management, Working capital management, Inventory, Inventory optimization, Lean manufacturing, E-commerce, Business process management, Management

b'The "Inventory Tags Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology; Label Type; Printing Technology; End-User, Geography" report has been added to ResearchAndMarkets.com\'s offering.\nThe global inventory tags market was valued at US$ 4,995.36 million in 2020 and is projected to reach US$ 7,264.42 million by 2028; it is expected to grow at a CAGR of 5.0% during 2021-2028.\nThe US, Canada, and Mexico are among the major economies in North America.

Key Points: 
  • b'The "Inventory Tags Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology; Label Type; Printing Technology; End-User, Geography" report has been added to ResearchAndMarkets.com\'s offering.\nThe global inventory tags market was valued at US$ 4,995.36 million in 2020 and is projected to reach US$ 7,264.42 million by 2028; it is expected to grow at a CAGR of 5.0% during 2021-2028.\nThe US, Canada, and Mexico are among the major economies in North America.
  • The retail e-commerce sales in Canada were valued at US$ 2.2 million in 2019 and US$ 47.9 million in 2020.
  • In this sector, inventory management effectively handle inventory, acting as a pre-requisite for several decision-making processes.
  • The factory and business shutdowns across the US, Canada, and Mexico impact the adoption of the inventory tags.